Energy Options
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WTI Options Liquidity During Non-U.S. Hours
- Over 80% of WTI Options (LO) have traded electronically for almost 3 years straight
- LO volume continues to be driven by spread trading—a record 59% of LO volume was executed via spreads in March 2020
- A record 21% of WTI Options are being traded overnight YTD in 2020 with ETH ADV at 31k
- LO ADV traded during London Morning Hours is at 21k YTD, with a record 14% of total ADV executed during this time frame each day
| Clearing | CME Globex | Floor | CME ClearPort | Product Name | Subgroup | Exchange | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|
| LO | LO | - | LO | Crude Oil Option | Crude Oil | NYMEX | 77,406 | 2,114,953 |
| LN | LNE | - | LN | Natural Gas Option (European) | Natural Gas | NYMEX | 49,391 | 2,525,769 |
| WA | WAY | - | WA | WTI Crude Oil 1 Month Calendar Spread Option | Crude Oil | NYMEX | 13,500 | 493,931 |
| G3 | G3B | - | G3 | Natural Gas (Henry Hub) Last-day Financial 3 Month Spread Option | Natural Gas | NYMEX | 5,750 | 130,960 |
| TFO | TFO | - | TFO | Dutch TTF Natural Gas Futures-Style Margined Calendar Month Option | Natural Gas | NYMEX | 4,000 | 110,450 |
| ON | ON | - | ON | Natural Gas Option (American) | Natural Gas | NYMEX | 3,019 | 91,317 |
| G4 | G4X | - | G4 | Natural Gas (Henry Hub) Last-day Financial 1 Month Spread Option | Natural Gas | NYMEX | 3,000 | 115,700 |
| BZO | BZO | - | BZO | Brent Crude Oil Futures-Style Margin Option | Crude Oil | NYMEX | 1,751 | 80,894 |
| LO3 | LO3 | - | LO3 | Crude Oil Weekly Options - Week 3 | Crude Oil | NYMEX | 761 | 1,093 |
| LO2 | LO2 | - | LO2 | Crude Oil Weekly Options - Week 2 | Crude Oil | NYMEX | 636 | 0 |
Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.
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